Rejaul Karim Byron

Tk 20,000cr kept as additional allocation in revised budget to cover salaries, allowances of govt employees

Bangladesh’s economy rebounded in the first quarter of the current fiscal year of 2025-26 due mainly to stronger agricultural and industrial production.

The government is set to slash allocations for development spending by 12.5 percent in the current fiscal year 2025-26 (FY26), as the originally allocated fund remains largely unspent in the first five months.

Sector leaders question capital rules, dual regulation and investor influence, while authorities say review is underway for clarity

TCB's deficit reached Tk 7,876 crore on a revised basis at the end of FY2024-25

Economists say many of the changes that transformed the country's economy began during her years in power

The revised budget for the current fiscal year could see the deficit fall to a record low of 3.3 percent of GDP due mainly to ambitious revenue collection targets and cuts in development spending.

The government has finally approved the long-pending modernisation and expansion project of Eastern Refinery Limited (ERL), the country’s only fuel oil refinery, opting to implement it with state financing after shelving an earlier joint venture plan with S Alam Group.